POS Finance Secures EUR 140K Investment from Latvian Business Angels Network: accelerates product development and growth

POS Finance, a fintech startup offering revenue-based financing solutions for small and medium-sized businesses, has raised €140,000 extended pre-seed round from the Latvian Business Angels Network (LatBAN) to accelerate its product development and regional expansion.

Founded in 2024, POS Finance is redefining SME lending by offering flexible repayment models linked directly to a business’s real-time income. Instead of fixed monthly payments, businesses repay loans as a percentage of their weekly turnover, making the product uniquely adaptive to seasonal and cash flow fluctuations. All decisions and repayment monitoring are powered by open banking technology, enabling fast, data-driven lending decisions and real-time risk management.

The solution is already live in Latvia with active clients using the product. With plans to expand to four additional European markets by 2027, POS Finance is aiming to capture a significant share of the underfinanced SME lending sector across the Baltics and beyond.

“In my 20+ years in SME and consumer finance, I’ve seen how traditional lending models often fail to meet the needs of growing businesses,” said Inga Pinka, CEO and Co-founder of POS Finance. “With our revenue-based model, we’re offering a smarter, fairer alternative that grows with the company. The LatBAN investment will allow us to scale our operations, improve our tech stack.”

POS Finance’s founding team includes top talent in fintech and banking, including Inga Pinka (CEO), 20 years in finance and lending (ex Citadele, DelfinGroup), Santa Sauliņa (COO), a compliance and licensing expert in the FinTech space (ex Swedbank and Latvijas Banka), and Aleksandrs Popovs (CTO), 25 years of experience in payment and identity solutions (ex Decta and X-Infotech).

Ansis Spridzāns, Board Member at LatBAN & ASP Asset Management commented:

“POS Finance brings together a strong, execution-driven team and a clear, timely value proposition. Their product is not just about lending—it’s about technology and the out-of-the box mindset behind making lending decisions. The open banking integration, opportunities provided by access to large amounts of cash flow data and repayment flexibility signal a clear direction for the future of SME lending.”

The funding will be used to scale operations, continue building an automated scoring engine, and issue new loans to customers in Latvia and future markets.